ON Semiconductor Corp. (NASDAQ:ON) was upgraded by equities research analysts at Vetr from a “sell” rating to a “hold” rating in a report released on Tuesday. The firm presently has a $11.98 price target on the stock. Vetr‘s price objective would suggest a potential downside of 1.16% from the stock’s current price.

Several other brokerages have also recently issued reports on ON. JPMorgan Chase & Co. restated a “hold” rating and issued a $13.50 price target on shares of ON Semiconductor Corp. in a research report on Tuesday, September 20th. Zacks Investment Research cut shares of ON Semiconductor Corp. from a “buy” rating to a “hold” rating in a research report on Monday, November 21st. Stifel Nicolaus upped their price target on shares of ON Semiconductor Corp. from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, September 20th. Stephens upgraded shares of ON Semiconductor Corp. from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 3rd. Finally, Credit Suisse Group AG restated a “buy” rating and issued a $15.00 price target on shares of ON Semiconductor Corp. in a research report on Tuesday, September 20th. Seven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $13.61.

Shares of ON Semiconductor Corp. (NASDAQ:ON) opened at 12.12 on Tuesday. ON Semiconductor Corp. has a 52 week low of $6.97 and a 52 week high of $12.69. The firm has a 50-day moving average of $11.64 and a 200 day moving average of $10.53. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 40.40 and a beta of 2.00.

In related news, VP Paul E. Rolls sold 5,246 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $12.00, for a total transaction of $62,952.00. Following the transaction, the vice president now directly owns 267,202 shares of the company’s stock, valued at $3,206,424. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Anthony Mascarenas purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The shares were purchased at an average cost of $11.30 per share, for a total transaction of $28,250.00. Following the completion of the transaction, the director now directly owns 55,028 shares of the company’s stock, valued at $621,816.40. The disclosure for this purchase can be found here. Corporate insiders own 1.60% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its position in ON Semiconductor Corp. by 269.6% in the third quarter. BNP Paribas Arbitrage SA now owns 8,330 shares of the company’s stock worth $103,000 after buying an additional 6,076 shares during the last quarter. LPL Financial LLC purchased a new position in ON Semiconductor Corp. during the third quarter worth $124,000. Scout Investments Inc. purchased a new position in ON Semiconductor Corp. during the third quarter worth $134,000. Acrospire Investment Management LLC raised its position in ON Semiconductor Corp. by 36.0% in the second quarter. Acrospire Investment Management LLC now owns 11,700 shares of the company’s stock worth $103,000 after buying an additional 3,100 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in ON Semiconductor Corp. by 12.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,344 shares of the company’s stock worth $164,000 after buying an additional 1,519 shares during the last quarter. 96.66% of the stock is currently owned by institutional investors.